Yes, this was an interesting article. However, i'd have to push back quite a bit on this.You mentioned: " Historically, there were only a few who were able to benefit. This is no longer the case with cryptocurrency

My thoughts are it's at this point still following a similar pattern of poor distribution which is not good in any economic model. The successful companies such as Tesla and Apple many are seldom able to benefit from based on regulation. So by the time the average person is investing the ship has already sailed.

Whereas with cryptocurrency there exist no regulations to stop you from fomo or making an investment. Cryptocurrency still fails to be useful to the very people i believe its designed to help the most. When we look at areas like Latin America..Southeast Asia. Africa, India. Well the people involved in cryptocurrency we're finding out often times aren't the general population but in some cases wealthy business people and merchants representing a vastly smaller part of these economies. Which i think answers the question why hasn't crypto already just replaced an economically stressed dollar some place. So the people who have collapsing banking systems and financial instability are generally not the ones using crypto.

I think with the idea of unrealized potential gains. Such as what they play with in many of these defi projects. The arbitrage created in cryptocurrency from these projects aren't valid or sustainable unrealized profits. So generally after a few people make a considerable amount of money they collapse like paper tigers.

I think it's quite optimistic in the belief of some in the $100k Bitcoin. Conceptually .. conceivably cryptocurrencies can go to any number. The problem is Bitcoin whereas impressive only sits about $200 billion. Not bad but a far cry from what they are imagining. I think Bitcoin occupying 20-25% of the $9 trillion gold market value is fanciful thinking. It's many arguments i have about that but that would require a paper. My guess is Bitcoin is so mass heavy now The institutions controlling about 5% of it can profit more on volatility and shorts in a tight margin and still make considerably money. I think it's less opportunity again for a paradigmn shift in the global state of affairs i believe crypto makes more sense to be focused on.

So also i think this technology is like a canvas for a painter. Unfortunately at best we can only still create replicated models of existing old dying 20th century capitalistic models that economist say will enter yet another economic recession next year. Bitcoin often times in which behaves just like it. I believe that makes sense as the cryptocurrency community follows the same exact model we left traditional finances for.

I am optimistic about the future of cryptocurrency. We just haven't demonstrated what it is yet. In the 21st century we should be looking at like (POG), or what i call proof of growth models. Evolutionary leaps forward and a more accurate model for value in a participation economy which is now an economy with very few participants outside and in crypto. Even at the height of this defi craze there are only about 400k participants which is not enough. So we're on the right path i believe but we're not on the right target as of yet.

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